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Inflation's way down, but consumers still flinch at high prices, Fed observes

by Elizabeth Trovall
Jul 18, 2024
Price-sensitive shoppers are buying fewer or lower-quality items and retailers are offering discounts, according to the Beige Book.
Many shoppers are looking for discounts these days.
Spencer Platt/Getty Images
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Authors are already squeezed financially. Will AI make it worse?

by Kimberly Adams and Sofia Terenzio
Jul 18, 2024
Many writers see AI as a threat, says Rebecca Ackermann. Outcomes are uncertain, but there's widespread worry about being replaced as creators.
The Authors Guild recommends that writers try to protect their work by including AI clauses in book contracts, says journalist Rebecca Ackermann.
Patrick T. Fallon/AFP via Getty Images
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Election 2024

GOP platform promises to preserve retiree benefits, but it's short on details

by Savannah Peters
Jul 18, 2024
The Republican Party says it will maintain Social Security and Medicare entitlements without cutting benefits, but that's a tall order.
Both Social Security and Medicare are projected to go broke in a little over a decade.
William Thomas Cain/Getty Images
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Why women's health is so far behind the curve

by Nancy Marshall-Genzer and Erika Soderstrom
Jul 18, 2024
Improving the women's health gap could improve lives and the economy, researchers say.
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Social Security benefits have lost 20% of their buying power since 2010, report finds

by Janet Nguyen
Jul 18, 2024
Social Security benefits are adjusted to protect retirees against inflation, but not enough, according to some experts, advocacy groups and lawmakers.
Every year, Social Security benefits are eligible for a cost of living adjustment. But experts, lawmakers and advocacy groups say the methods to calculate the COLA can be improved.
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Will the EU follow the U.S. on economic policy and China?

by David Brancaccio , Ariana Rosas and Alex Schroeder
Jul 18, 2024
The European Union relies heavily on China for technologies and products needed for the clean energy transition.
Kevin Frayer/Getty Images
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When it comes to inflation, interest rates might work like a "Jedi mind trick"

by Kristin Schwab and Sean McHenry
Jul 17, 2024
According to Rogé Karma at The Atlantic, many economists believe high rates tamp down inflation largely by influencing people's expectations.
Federal Reserve Chair Jerome Powell.
Kevin Dietsch/Getty Images
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Governments at all levels are hiring, and that's boosting the job market

by Henry Epp
Jul 17, 2024
The public sector is still recovering from pandemic turbulence. Due to upcoming retirements, it may stay active in the labor market for years.
Earlier in the pandemic, governments lost many workers to burnout and private-sector wage offers.
Stephen Maturen/Getty Images
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First-time homebuyers are a growing share of the market

by Amy Scott
Jul 17, 2024
But not because it's easier to buy.
Michael and Lauren James, with real estate agent Joy Sushinsky, center, bought their first house this summer.
Amy Scott/Marketplace
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Rise in house completions means relief is coming for home seekers

by Samantha Fields
Jul 17, 2024
The increase in housing supply will help bring down, or at least steady, prices, experts say.
"The best way to deal with inflation is supply, right?" says Logan Mohtashami of HousingWire. "You want to build as much as you can and get those homes out there for people to live in and bring down the rise of rents."
ANNVIPS/iStock / Getty Images Plu
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